Pundits are calling yesterday’s drone strke a “black swan.” Can a drone strike on a Saudi oil facility, be a “black swan.” But is it? And are there really black swans?

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On Wednesday afternoon (9/11/19) I sent this note to Technical Trader subscribers. I’ve redacted the specifics here, but wanted to share the thinking with you.

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Not seasonally adjusted nonfarm payrolls, that is, the actual numbers, give us a truer picture of the jobs market than the seasonally adjusted garbage that Wall Street spews. 

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That’s right. The Fed is doing POMO again.  POMO means Permanent Open Market Operations. It’s a fancy way of saying that the Fed is buying Treasuries, pumping money into the financial markets.

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The beat goes on. The Treasury announced a 30 year TIPS issue today, bringing net new supply for the month so far to $119 billion. 

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After a big day like yesterday, I like to get a little long term stock market chart perspective.

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WTF knows where the PPT will make its next stand? The Shadow knows! Lee, not so much. Take a look at these charts and see what YOU think!

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Is it the end of a Bull Market? The S&P500 fell around 90 points. A precursor to something or is it just a moment in time?

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The bulge in Treasury offering net supply issuance in the wake of the suspension of the debt ceiling, is starting.

Let the deluge begin.

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Here’s an ugly stock market chart prediction you might want to consider in planning your trading and investments.

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